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20121112
20121112
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and general election. that took limits off. president obama and mitt romney racing record amounts of money themselves -- raising record amounts of money themselves. seems like the height of irony. if the money would have been spent on some other purpose, what might have happened. host: how much each candidate spent. that is just the two candidates. guest: the final accounting is not in yet. host: there is another story from "time business." $6 billion invested in this economy. did we see a boost in the sluggish economy? guest: christmas in september for the television stations in some of battleground states. stations were cutting back on programming so they could fit in all the advertising. we have tried to get a handle on the tv ads and have created a database which pulls in the advertising that is not registered at the federal communications commission. it is the top 50 markets. we are trying to pull that together and have asked volunteers to go to some of the uncovered markets and help us collect the other advertising. there are these concentrated pockets of spending in these communitie
work to do and the more work we have to do the more money we make. >> host: what are the loopholes that the companies exploit? >> guest: for one i've been calling on mitt romney you could live tax-free. you invest in instruments that don't pay a dividend. deutsch interest they won't pay any tax on that. with a billion dollars a cubic 5% you will make $50 million the first year and say i have a lavish lifestyle we have the family plaine and private schools and this and that what we define $10 million. the banker once $10 million to pay 2% interest it's now grown to a billion 50 million the 10 million next year the fortune grows to 1.1 billion you have spent 20 million plus about $300,000 in interest you will be better and better off and not contribute at all to the cost of the government if you are a hedge fund manager or private equity manager as romney was during 2001 when he was the owner of bain capital the government rules allow you to be for all of your income in your fund and pay no taxes. you might have other investments in the income but pretty much you can live tax-free. i
Search Results 0 to 1 of about 2